E.ON Confirms Full-Year Group Guidance After First Half Performance

E.ON SE reported a solid performance in the first half of 2024, confirming their full-year Group guidance. The adjusted Group EBITDA reached €4.9 billion and adjusted Group net income was €1.8 billion, aligning with expectations.

The company reaffirmed its fiscal year 2024 guidance, projecting an adjusted Group EBITDA of €8.8 to €9.0 billion and adjusted Group net income of €2.8 to €3.0 billion. E.ON's investments in the energy transition increased to €2.9 billion, a rise of about €500 million compared to the previous year.

Most investments, over €2.1 billion, were allocated to E.ON’s Energy Networks business. The company also added more than 2,000 employees to support the energy transition, mainly in the Energy Networks sector. E.ON emphasizes the need for improved regulatory frameworks to facilitate the energy transition.

CEO Leonhard Birnbaum emphasized that E.ON is on track to meet its annual targets, driven by strong operational performance and significant investments. CFO Nadia Jakobi highlighted the company's commitment to growth through strategic investments in network infrastructure and ongoing digitalization.